Report
Florent Laroche-Joubert

Mercialys : A situation which is becoming clearer regarding the equity swap but developments still impacted by its major shareholder

>CACIB breaches the 5% threshold in Mercialys - In a letter received yesterday, the AMF indicates that CACIB, Casino’s counter-party for the equity swap that was put in place in July 2018 on 15% of Mercialys’ capital, has breached the thresholds of 5% capital and voting rights in Mercialys. CACIB has thus taken four months to sell 5% of Mercialys capital on the market (breaching of the 10% threshold announced in mid-September). If we extrapolate this and after the ded...
Underlying
Mercialys SA

Mercialys is a real estate company, specialized in the transformation and management of shopping centers. Co. manages a portfolio of 91 properties located throughout France at Dec 31, 2013. Co.'s assets are classified into three categories: large regional shopping centers (GLA of over 365,800 sq. m.), neighborhood shopping centers (GLA of over 181,600 sq. m.), and Other assets (40,900 sq. m.). At Dec. 31, 2013, the portfolio comprised 25 large regional shopping centers, 36 neighborhood shopping centers, and 18 other sites such as food stores, specialty stores, independent cafeterias, service malls, and convenience stores, representing a total gross leasable area of about 588,300 sq. m.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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